Greater Colorado Venture Fund I

Overview

The Greater Colorado Venture Fund I is a venture capital firm dedicated to supporting high-growth potential companies located outside of Colorado's urban Front Range. Established in 2018, the firm focuses on investing in early-stage startups across various industries, including outdoor recreation, B2B SaaS, Govtech, cybersecurity, energy, aerospace, and agtech. The firm's mission is to bridge the funding gap in rural communities by providing access to capital and resources that foster innovation and economic development. GCVF's investment strategy is industry-agnostic, targeting seed-stage companies with a commitment to scaling their operations beyond their localities. The firm has successfully raised two funds: Fund I in 2018 with $17.5 million, leading to 29 investments and five exits, and Fund II in 2023 with $25 million, focusing on deploying initial investments over the next five years. The firm aims to inspire innovation in communities previously overlooked by established venture capital firms. By December 31, 2024, the Colorado Venture Capital Authority had contributed approximately $11.4 million to the fund, fulfilling 86% of the funding commitment. The fund invested over $15.5 million in companies in rural Colorado, resulting in the creation of over 350 jobs in the state. This track record underscores the firm's commitment to fostering economic growth and job creation in rural communities through strategic investments in early-stage companies.

Investment Focus

• Headquarters or significant operations located in rural Colorado
• At least two full-time employees based in rural Colorado
• Committed to being located in rural Colorado for at least five years
• Seeking first institutional investment or 'growth' capital funding
• Serving customers well beyond the company's locality, or raising funds to scale to customers beyond the company's locality
• Not a service-based business
• Not a real estate-based business

Portfolio Companies